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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 29-APR-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

SUB-BROKERS: FAILED TO REDRESS INVESTOR/CREDITORS COMPLAINTS

S.No. ENTITY DIRECTORS/ PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ADITYA & CO.  

(Sub-Broker of BGSE FINANCIALS LTD. , Member : NSE)
History of entity/person L.S.GURURAJ
  		INDULGED IN MATCHING TRANSACTION OF HIS OWN CLIENTS WITHOUT ROUTING THE TRADES THROUGH THE MEMBER

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION

DID NOT REDRESS INVESTOR COMPLAINTS  		SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-JUL-2007 TO 23-JUL-2007

18-JUN-2007 		 
2
History of entity/person GEETA SHARE ENTERPRISES  

(Sub-Broker of UPSE SECURITIES LTD. , Member : BSE)
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DEFICIENCIES IN CLIENT DATABASE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT REDRESS INVESTOR COMPLAINTS  		SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2004 TO 08-MAY-2005

19-OCT-2004 		 
3
History of entity/person LIBERTY STOCKLINKS PVT.LTD.  

(Sub-Broker of RENAISSANCE SECURITIES LTD. , Member : BSE)
History of entity/person SUNIL SHARMA

History of entity/person VIKAS MEHTA
  		DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

FAILED TO DELIVER SHARES TO CLIENTS

COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS

DID NOT EXERCISE DUE CARE AND DILIGENCE IN EXECUTING SUB-BROKING ACTIVITIES

DID NOT REDRESS INVESTOR COMPLAINTS  		IMPOSED PENALTY RS.4,00,000

20-NOV-2008 		SAT: APPEAL DISMISSED AS WITHDRAWN WITH NO ORDER AS TO COSTS

INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI  
4
History of entity/person MEGA MILLENNIUM INVESTMENT PVT.LTD.  

(Sub-Broker of ISE SECURITIES & SERVICES LTD. , Member : NSE)
History of entity/person SWAMINATHAN MAHALINGAM
  		COMMITTED IRREGULARITIES IN SHARE LENDING/BORROWING

DID NOT REDRESS INVESTOR COMPLAINTS  		DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-SEP-2007 TILL COMPLETION OF THE ENQUIRY PROCEEDINGS

DIRECTED TO FREEZE DEMAT ACCOUNTS

DIRECTED NOT TO ENGAGE IN THE ACTIVITY OF BORROWING AND LENDING OF SECURITIES WITHOUT OBTAINING REGISTRATION FROM SEBI

03-SEP-2007 		 
5
History of entity/person MEGA MILLENNIUM INVESTMENT PVT.LTD.  

(Sub-Broker of ISE SECURITIES & SERVICES LTD. , Member : BSE)
History of entity/person SWAMINATHAN MAHALINGAM
  		COMMITTED IRREGULARITIES IN SHARE LENDING/BORROWING

DID NOT REDRESS INVESTOR COMPLAINTS  		DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-SEP-2007 TILL COMPLETION OF THE ENQUIRY PROCEEDINGS

DIRECTED TO FREEZE DEMAT ACCOUNTS

DIRECTED NOT TO ENGAGE IN THE ACTIVITY OF BORROWING AND LENDING OF SECURITIES WITHOUT OBTAINING REGISTRATION FROM SEBI

03-SEP-2007 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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